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To: Panzerfaust
Well, that’s the beauty of the Roth....

Yes, I get the advantages to Roth in today's economic frame. It's not today's economic frame that I fear. If the gov't pulls the ripcord, as you say, on retirement accounts they'll likely look back 9 or 18 months and seize any transferred assets. It would be similar to what is done today in a bankruptcy or litigation.

We'll just disagree on this one.

57 posted on 11/07/2012 2:56:07 PM PST by Damifino (The true measure of a man is found in what he would do if he knew no one would ever find out.)
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To: Damifino

Fair enough to disagree. Except if all the money is withdrawn (not transferred) from the Roth legally (let’s use your example of 18 months before the law ever took effect).

Then say I take a wild trip to Vegas with all my Roth money, since I’m convinced I will be abducted by aliens in the near future and have only months to live. I somehow manage to lose all the money in Vegas, in a drunken haze, of which I have no memory. What will the government seize? The fact that the money may have been converted into other untraceable assets (or may be buried under my floor boards) will be a mystery to all....

I’ll throw the money on a bonfire and burn it before the moochers will get their hands on it. Sic semper tyrannis....


58 posted on 11/07/2012 5:31:05 PM PST by Panzerfaust
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